Arvind Nithrakashyap Sells 32,485 Shares of Rubrik, Inc. (NYSE:RBRK) Stock

Rubrik, Inc. (NYSE:RBRK) CTO Arvind Nithrakashyap sold 32,485 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $74.85, for a total value of $2,431,502.25. Following the transaction, the chief technology officer now directly owns 219,279 shares in the company, valued at approximately $16,413,033.15. This trade represents a 12.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Arvind Nithrakashyap also recently made the following trade(s):

• On Monday, February 3rd, Arvind Nithrakashyap sold 32,485 shares of Rubrik stock. The shares were sold at an average price of $70.85, for a total value of $2,301,562.25.
• On Tuesday, January 14th, Arvind Nithrakashyap sold 227,596 shares of Rubrik stock. The shares were sold at an average price of $64.89, for a total transaction of $14,768,704.44.
• On Wednesday, January 8th, Arvind Nithrakashyap sold 32,485 shares of Rubrik stock. The stock was sold at an average price of $63.46, for a total transaction of $2,061,498.10.
• On Monday, January 6th, Arvind Nithrakashyap sold 32,499 shares of Rubrik stock. The shares were sold at an average price of $67.66, for a total value of $2,198,882.34.

Rubrik Price Performance

Shares of RBRK opened at $75.34 on Friday. Rubrik, Inc. has a fifty-two week low of $28.34 and a fifty-two week high of $77.22. The business has a 50-day moving average of $67.31 and a 200 day moving average of $47.50.

Hedge Funds Weigh In On Rubrik

Several large investors have recently modified their holdings of RBRK. Brown Brothers Harriman & Co. bought a new position in Rubrik in the 3rd quarter worth approximately $25,000. Global Retirement Partners LLC lifted its position in shares of Rubrik by 8,333.3% during the fourth quarter. Global Retirement Partners LLC now owns 506 shares of the company’s stock worth $33,000 after acquiring an additional 500 shares in the last quarter. Rhumbline Advisers bought a new position in shares of Rubrik in the fourth quarter worth $64,000. Geneos Wealth Management Inc. purchased a new position in shares of Rubrik in the fourth quarter valued at $70,000. Finally, KBC Group NV purchased a new position in shares of Rubrik in the third quarter valued at $72,000. Hedge funds and other institutional investors own 49.54% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on RBRK. Wedbush lifted their target price on Rubrik from $44.00 to $48.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Truist Financial boosted their price target on Rubrik from $50.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Barclays raised their price objective on Rubrik from $51.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Guggenheim boosted their target price on shares of Rubrik from $52.00 to $72.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Finally, Wells Fargo & Company raised their price target on shares of Rubrik from $40.00 to $76.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Two research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Rubrik presently has an average rating of “Buy” and an average target price of $64.67.

Rubrik Company Profile

Rubrik, Inc provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analytics; data security posture; and cyber recovery solutions. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, and public sectors.